Gas Malaysia subsidises refuel costs for B40 motorcyclists

September 21, 2021

I would suggest that the money may be invested in better ways to help B40, but hey, above my pay grade.

Dateline 2021-08-30, The Malaysian Reserve:

GAS Malaysia Bhd is taking up the petrol refill costs for lower income groups who are riding motorcycles below 170cc to help them cope with living costs amid the Covid-19 pandemic.

The corporate social responsibility (CSR) initiative themed “Kempen Tuang Minyak — Awak Isi, Kami Bayar” is being held at Gas Malaysia’s selected petrol stations throughout Peninsular Malaysia namely Ayer Keroh (Melaka), Pasir Gudang (Johor), Gebeng (Pahang), Manjung (Perak) and Senawang (Negri Sembilan).

It will soon be extended to Kuala Lumpur (KL), Putrajaya, Shah Alam and Perai respectively.


Gas Malaysia raises natural gas prices

August 22, 2017

Dateline 2017-07-14, The Star:

Gas Malaysia Bhd has revised up the natural gas tariff for Peninsular Malaysia’s non-power sector to an average base tariff of RM28.05 per MMBtu (one million British thermal units).

However, a government subsidy will lead to lower effective tariff rates for all tariff categories for the period from July 1 to Dec 31, 2017, compared with the existing rates.

In a filing with Bursa Malaysia, the gas distributor said  the Government, through the Energy Commission, had approved on Friday for Gas Malaysia to effect the revision for the six-month period.

The Government has prescribed the incentive based regulation (IBR) framework, which sets the base tariffs for a period of three years from January 2017 and allows changes in the gas costs to be passed through via the Gas Cost Pass Through (GCPT) mechanism every six months.

 


Gas Malaysia hikes tariffs for non-power sector by nearly 6%

August 9, 2016

Dateline 2016-06-29, The Star:

Gas Malaysia Bhd is raising the natural gas tariffs for the non-power sector in Peninsular Malaysia by 5.95% with effect from July 15.

The gas supply company said on Wednesday the average gas tariff will be revised upwards by RM1.52 per one million British terminal unit (MMBtu) or 5.95% from RM25.53 per MMBtu to RM27.05 per MMBtu.

“The tariff revision is in line with the national rationalisation plan and gas cost pass through  (GCPT) mechanism that will see the revision of piped gas price taking place every six months,” it said.

Gas Malaysia said there would be no change to the selling prices for residential customers, which is under category A, at RM19.52.

 “While the tariff revision has no material impact on Gas Malaysia’s business operations, it is expected to contribute positively towards the financial position of the company for the financial year ending Dec 31, 2016,” it said.

Industries to pay more for their gas supply

July 23, 2015

Now, how about them renewable energy sources?

Dateline 2015-06-09, The Star:

The Government has revised the natural gas tariff for Peninsular Malaysia’s commercial and industrial sectors, except for the power sector, effective July 1. The residential customers are not affected.

Gas Malaysia Bhd told Bursa Malaysia on Tuesday that the average gas tariff would be revised to RM21.80 per million British thermal units (MMBtu) from RM19.77/MMBtu previously.
“This is to take into account the increase in the purchase price of gas that Gas Malaysia procures from Petronas,” it said.
The selling prices for residential customers (Category A) remain at RM19.52 per MMBtu.

Gas Malaysia Q1 earnings up 3.6% to RM41.61m

July 11, 2014

Dateline 2014-05-15, The Star:

Gas Malaysia Bhd‘s earning rose 3.6% to RM41.61mil in the first quarter ended March 31, 2014 from RM40.14mil a year ago.

The company said on Thursday revenue increased by 8.4 % to RM580.57mil  from RM535.44mil due to higher volume of gas sold by 10.2% and the number of customers. Its earnings per share were 3.24 sen compared with 3.13 sen.

Gas Malaysia said its earnings depend on the cost of the natural gas purchased and the volume of gas sold to customers.

The board expected an increase in the volume of gas and number of customers to continue in financial year 2014.

 


Malaysia to raise natural gas price from May 1

May 24, 2014

Dateline 2014-04-11, Reuters:

Gas Malaysia Bhd , the country’s sole supplier ofnatural gas to the non-power sector, said on Friday it has obtained government approval to raise the natural gas tariff in peninsular Malaysia from May 1.

The tariff adjustment follows a 14.89 percent rise in electricity charges announced in December as part of the government’s aim to cut subsidies and reduce its budget deficit.

The gas price hike is not applicable to liquefied petroleum gas or natural gas for vehicles. The tariff for residential consumers and those who consume less than 600 million metric British thermal unit (mmBtu) a year remain unchanged, according to a stock filing from Gas Malaysia.


Gas Malaysia world class in efficiency, reliability: Maybank IB

August 11, 2012

Really?

Dateline 2012-07-31:

Gas Malaysia Bhd is “world class” in efficiency and reliability, on par if not better than its regional comparables, despite operating in a near monopolistic yet limiting environment, says Maybank IB Research.

Gas Malaysia which is the sole licenced operator and distributor of natural gas in Peninsular Malaysia to customers who consume five mmscfd (Million Standard Cubic Feet per Day) of natural gas and below, is operationally a price and volume taker.

The buying and selling prices of natural gas are currently determined by the government while the right to supple gas is governed by the Gas Supply Agreement with Petronas.